Consumer Price Index: Recreation and Culture (COICOP 09): Total for Finland
FINCP090000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.14
Year-over-Year Change
-462.44%
Date Range
2/1/2010 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of recreational and cultural goods and services in Finland. This metric is a key indicator of consumer spending patterns and inflation within Finland's recreation and culture sectors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The COICOP 09 index tracks the price development of a fixed basket of recreational and cultural goods and services over time. It is a subcomponent of the broader Consumer Price Index and provides insights into a critical segment of consumer expenditure within the Finnish economy.
Methodology
The data is collected through regular price surveys of a representative sample of goods and services across Finland.
Historical Context
Economists and policymakers monitor this index to assess consumer demand, price dynamics, and overall inflationary pressures in the recreation and culture sectors.
Key Facts
- The base year for the COICOP 09 index is 2015.
- Recreation and culture account for approximately 9% of total consumer expenditure in Finland.
- Prices in the COICOP 09 index have risen by an average of 2.1% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of recreational and cultural goods and services purchased by Finnish consumers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures within the recreation and culture sectors of the Finnish economy, which are crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of recreational and cultural goods and services across Finland.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess consumer demand, price dynamics, and overall inflationary pressures in the recreation and culture sectors, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The COICOP 09 index is published monthly with a short lag, typically around 2-3 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Finland (FINCP090000GPM), retrieved from FRED.